Can the State of California Take it All
Our father has Alzheimers and is a total vegetable. Our mother died in Nov. 2004 and did not leave a will or trust. Our parents left their life insurance policies in each others’ names.
There is a checking account with my brother’s name and both parents’ names. There are separate IRAs in each parent’s name. My brother has Power of Attorney over my father because he cannot do anything like walking or talking.
The State of California has been paying for our father’s care in a healthcare home. Medicare stopped paying for my father’s care saying he has too many assets.
Is the bank account with our parent’s names and my brother’s name on divideable and if so, how?
We believe our mother’s life insurance policy goes to our father and when he dies, the State of California will take both policies. Would the same be true for the IRAs?
Can the State of California try to make my brother and I pay for our father’s care?